Tag: Support

Solana (SOL) Plunges 20%—Key Support Levels Now in Focus

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Bitcoin Price Retreats—Key Support Levels in Focus After Reversal

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Bitcoin price started a fresh decline from the $95,000 resistance zone. BTC is back below $90,000 and might continue to move down. Bitcoin started a fresh decline from the $95,000 resistance zone. The price is trading below $92,000 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $88,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another decline if it fails to stay above the $82,250 zone. Bitcoin Price Dips Over…

Polkadot stuck at key support, pointing to a 170% surge

Polkadot price remained above its make-or-break level this week as Bitcoin and most cryptocurrencies crashed.  Polkadot (DOT) fell to a low of $4, slightly higher than the critical support level at $3.60, where it has failed to fall below several times since 2022. The token has held steady above this support level for two main reasons. First, Grayscale and 21Shares have filed for a spot DOT exchange-traded fund, which they hope will be popular among Wall Street investors. Spot Bitcoin (BTC) and Ethereum (ETH) ETFs have done fairly well among…

Dogecoin Holds Critical Support Level – Can Bulls Reclaim $0.25?

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Dogecoin is trading above the $0.20 level after days of intense selling pressure and market-wide volatility. Bulls have lost control of the price action, and DOGE is now at risk of further declines if it fails to hold key support. The broader meme coin market has also been hit hard, contributing to Dogecoin’s struggles as sentiment remains weak. Related Reading Top analyst Ali Martinez shared a technical analysis on X, revealing that DOGE is testing a high-time-frame support level around $0.18. This level has historically acted as a strong demand…

Bitcoin Nears $76k Amid Correction — Will This Support Hold?

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Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…

Ethereum Key Support: Cost Basis Data Points To $1,890 As Make-Or-Break Level

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In line with major losses across the crypto market, Ethereum (ETH) declined by 17.08% in the past week reaching as low as $2,104. While the prominent altcoin has shown some minor gains in the past 12 hours, the general market sentiment remains bearish. ETH Correction Likely Headed To $1,890 – Here’s Why The ETH market is currently navigating a strong market correction with several analysts now spotlighting potential key support levels. According to prominent on-chain analytics firm Glassnode, data from the Cost Basis Distribution (CBD) metric indicates Ethereum is poised…

Ethereum To Drop? ETH Risks Fall To $2,180 If This Support Fails

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Este artículo también está disponible en español. Amid the market retrace, Ethereum (ETH) has lost its key $2,600 support zone and fallen below the next crucial level. As the second-largest cryptocurrency by market capitalization attempts to hold its current range, some analysts predict a 6% drop could be coming. Related Reading Ethereum Risks Fall To $2,180 Following the $1.5 billion hack of crypto exchange Bybit, the crypto industry experienced a market correction that sent most cryptocurrencies below their key support levels. Bitcoin’s price fell below the $90,000 mark for the…

MetaMask to support BTC, SOL DeFi, eventually end gas fees in new roadmap

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Crypto self-custodial wallet MetaMask is set to expand support to the Bitcoin and Solana networks and eventually remove gas fees as part of a roadmap of updates for the year.  The Bitcoin network will be integrated sometime in the third quarter, while Solana will become the first non-Ethereum Virtual Machine chain that MetaMask supports in May, MetaMask’s Dan Finlay said in a Feb. 27 post. Gas-included swaps — allowing users to swap two tokens and by paying with the token they’re swapping — will soon be upgraded to allow users…

Solana Loses Long-Term Support Level – Analyst Shares Insights

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Este artículo también está disponible en español. Solana is trading at its lowest levels since September 2024, with extreme fear and selling pressure dominating the market. Since breaking its all-time high in January, SOL has retraced over 55%, leaving bulls struggling to regain momentum. The broader crypto market is facing a period of uncertainty, and Solana has been one of the hardest-hit altcoins in recent weeks. Related Reading Bears have remained in control, consistently driving prices lower as investors lose confidence. The once-thriving meme coin speculation that fueled Solana’s rally…

QCP Insights: Bitcoin Slips Under Key Support As Market Faces Tariff Uncertainty

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Market sentiment remains uncertain with bitcoin falling below $90,000 for the first time in a month, triggering over $200 million in liquidations. Bitcoin Drops Below $90,000, Triggers $200 Million in Liquidations QCP Insights’ latest report analyzed the effect of bitcoin dipping below $90,000 for the first time in a month and triggering over $200 million […] Original